Shares of Tesla (TSLA) are falling Thursday as several reports weigh on the electric vehicle maker’s shares. According to Bloomberg, the company is planning a debt sale for $783 million, a move that has attracted investors’ attention. This news was followed by a report from The Information, revealing Tesla’s plans to launch four new batteries by 2026, including one designed specifically for its highly anticipated robotaxi project.
Adding to the company’s challenges, Tesla issued a widespread recall affecting 27,000 Cybertrucks due to a camera issue, further impacting investor confidence. This all comes ahead of Tesla’s robotaxi event scheduled for October 10.
Market Domination co-hosts Madison Mills and Josh Schafer break down these developments, analyzing how these events reflect Tesla’s continued struggles with fundamentals.
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This message was written by Angel Smith
